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MFListing.com, The Premiere FREE "Flea Market" For MultiFamily and Commercial Properties
8 Unit Apartment Building With Great Cashflow
Address: 222
City: Louisville
State: Kentucky
Zip: 22222
Country: United States
Sale Price: $325,000
Status: Active
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Unit Mix: Eight 2 BR 1 Bath Units
Stories: 2
Total Actual Rent/Month: $3,488
Owner Pays: Yard maintenance
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Foundation: Concrete Slab
Meters: Electris separate, Gas separate
Utilities: Electric, natural Gas
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Full Description: Jamestown Real Estate Inc. is proud to offer a wonderful opportunity for residential property investors. We have over 10 years of experience helping our investor clients purchase investment property. We have brokered well over 1,000 transactions.
We a very nice 8 unit building with excellent cash-flow available in the Louisville, Kentucky area listed for only $325,000. This building is located in the very desirable old town quarter.
Louisville has an excellent employment base and is a great area to own income property. It has a large UPS hub currently undergoing a $1 billion expansion. Louisville is also the corporate home for big corporations such as Kentucky Fried Chicken, Taco Bell, Pizza Hut and of course Louisville Slugger bats. Louisville is of course also home to the famous Kentucky Derby. In addition Louisville plays host to several automobile manufacturing plants.
We have special investor financing available. This 33 unit building is available with as little as 10% down payment initial investment on approved credit. In addition, this property will generate positive cash-flow with only 10% down.
Below are the property specifics:
8 Units - Each 2 Bedroom / 1 Bath
Listed at $325,000
DOWN PAYMENT: $32,500
LOAN AMOUNT: $292,500
P&I: $2045
TAXES: $230
INSURANCE: $150
TOTAL MONTHLY PAYMENT: $2,425
BEDROOMS: 16
BATHS: 12
CURRENT RENT: $3,488
MONTHLY CASH FLOW: $1,063
APPROX. MONTHLY TAX SAVINGS: $541
MONTHLY CASH FLOW INCLUDING TAX SAVINGS: $1,604
Neigborhood: Excellent
This property makes a great first time investment and will also nicely compliment an existing portifolio. This is an excellent opportunity to realize excellent cashflow in the most desirable area of Louisville.
We have professional property management services available. Our property managers can handle all aspects of managing the property for you, including finding and screening tenants. This makes your investment turn key and hassle free.
For more information about this and other investment properties call 510-231-0943
Financial Year: 2006
Scheduled Gross Income: $41,865
Vacancy Rate (%): 5
Annual Property Tax: $2,760
Insurance: $1,800
Property management (%): 8
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Listing Agent/Owner
Listed by: James
Town
This listing has been viewed 1760 times.
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